Jim Rogers: For nimble people it probably is. You have enormous negativity and enormous collapse. So usually if you buy at the time of collapse you make money if you are a good trader. I am not a good trader. I am waiting for what I hope will be a better bottom, if it comes. We may have had the bottom. I did not buy, am not buying, but certainly that kind of collapse nearly always in history--no matter what the asset is--you should buy that kind of collapse. I did not.
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.